Bill > AB2762

This bill makes minor, nonsubstantive changes to existing law that governs how the Public Utilities Commission (PUC), the state agency that regulates public utilities like electricity and gas companies, sets rates for these corporations. Specifically, it clarifies language in a section of the Public Utilities Code that requires the PUC to disallow expenses for electrical and gas corporations if those expenses are the result of unreasonable errors or omissions in planning, constructing, or operating a plant that cost or was estimated to cost over $50 million. This includes costs from delays caused by such errors. The bill also clarifies that this provision is a clarification of the PUC's existing authority and does not limit its powers, and it applies to all pending matters.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2762